Have non-occupant co borrowers as friends and low down payment

[Cathy Li]

Hi BP,

I am looking to buy a multifamily with two friends in San Diego. Have to get more people on it since the high price in SD. Here is our situation 

Friend 1: Main Borrower. No Primary residence so this multifamily will be his primary residence. Steady income with 41k per year. 

Friend 2: Non-occupant borrowers 1. 100k income. Just bought a primary residence in May. House hacking and have a cash flow of 400 per month.  

Me: Non-occupant borrowers 2: 120k income. Bought a primary residence in June. Housing hacking and have a negative cash flow of 400 per month.

All borrowers have no debt except mortgages and great credit (780+). Checked FHA and need a 25% downpayment. Freddie Mac needs a 15% downpayment. Wondering if there is a way to put less money down like 5%.

The goal is to get into multifamily and house hack but if it doesn't work, is it a good idea to get into an SFR or wait in order to get in multifamily?